The Department of Energy (DOE) is firming up a policy that will reduce the performance bond requirement for offshore wind projects to a leaner five percent, a departure from the typical 20 percent required in green energy auctions (GEA) for other renewable energy (RE) technologies.At a year-end...
The Philippine Ports Authority (PPA) is planning to construct offshore wind (OSW) energy projects in some of strategic ports in the country—the three priority areas are Batangas, Camarines Norte and Ilocos Norte. PPA General Manager Jay Daniel Santiago said they are now coordinating with the...
The joint venture of Copenhagen Energy (CE) and PetroGreen Energy Corporation as developer of the frontrunner 2.0-gigawatt (2,000 megawatts) Buhawind offshore wind farm project in Ilocos Norte is now seeing the finish line clearer for 2028, following government declarations of resolving hurdles on...
A major thorn on the side of the project developers will be cleared, as the Philippine Ports Authority (PPA) has finally affirmed its support to the repurposing of three major ports that will underpin the commercial advancement of gigawatt-scale offshore wind (OSW) farm projects.In a statement to...
